When a Bitcoin Miner Mines, what is happening? Dr Mike Pound exposes the process..
note: at 3:39 Mike mentions a Bitcoin is mined every ten minutes when it is actually a block that is mined every ten minutes, at time of recording a successful block generates 12.5 new Bitcoins.
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In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China.
This is the infrastructure that keeps the digital currency’s decentralized network up and running, and its operators are profiting big time.
The mine we visited is just one of six sites owned by a secretive group of four people, part of a colossal mining operation that, as of our visit, cumulatively generated 4,050 bitcoins a month, equivalent to a monthly gross of $1.5 million.
Read more on Motherboard - http://bit.ly/Chinese-Bitcoin-Mine
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This video goes over my 7 day 1 week Bitcoin Mining experiment. I let my computer Mine for Bitcoin for a week straight, to see how much money I could generate. I left my PC on while I slept and well, you'll have to watch the video to see what I made in profit. :)
Links:
Bitcoin Wallet: http://bitcoin.org/en/choose-your-wallet
GUI Miner: https://bitcointalk.org/?topic=3878.0
BitCoin Calculator: https://bitclockers.com/calc
Monitor How Many Watts Your Computer Uses:http://www.newegg.com/Product/Product.aspx?Item=N82E16882715001
MH/s Hardware Comparison: https://en.bitcoin.it/wiki/Comparison_of_mining_pools
Thanks for watching, and let me know what I should do next.
Thanks!

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This is the story of what it was to become a miner spread from the years of 2013-2017 Enjoy the life that I struggle thro to understand what it takes to mine these crazy crypto currencies.
We are miners from 2013 looking to create community and help train and learn together as blockchain tech changes so quickly. Leave your thoughts in the comments, call in, ask us anything. Thank you for your time it means a lot to us.
This is where you get that rig hosted and mine coins all day long!
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ETH- 0xe02135195519D35D16615bBE2fA2Aa40ce0baECE
LTC- LUkeeDhPmmS9S2mMJCwNzt2xoYwgy3En9R
🦊Fellow Friend Channels🦊
Ben teaches you step by step what to do!
https://www.youtube.com/channel/UChzLnWVsl3puKQwc5PoO6Zg
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https://www.youtube.com/user/BitsBeTrippin
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📝Rules for the chat📝
Zero tolerance for foul language this is a family friendly place.
Do not spam
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Respect fellow humans
Use @digitalgold to get your question answered

We are miners from 2013 looking to create community and help train and learn together as blockchain tech changes so quickly. Leave your thoughts in the comments, call in, ask us anything. Thank you for your time it means a lot to us.
This is where you get that rig hosted and mine coins all day long!
https://www.digie.io
All the great Merchandise 10% off!
http://allthingsdecentral.com?aff=650
✨Bitcoin coins!✨
http://amzn.to/2u1VkRQ
💰To get Bitcoin start here!💰
https://www.coinbase.com/join/5822284a3239de006a91b885
📈Support the Channel with Crypto:📈
BTC- 1FUyrbMx3STdpkhJKpjNwLkn8kYBQFJQPA
ETH- 0xe02135195519D35D16615bBE2fA2Aa40ce0baECE
LTC- LUkeeDhPmmS9S2mMJCwNzt2xoYwgy3En9R
🦊Fellow Friend Channels🦊
Ben teaches you step by step what to do!
https://www.youtube.com/channel/UChzLnWVsl3puKQwc5PoO6Zg
All about your rig build
https://www.youtube.com/user/BitsBeTrippin
Crypto info news
https://www.youtube.com/channel/UCHnmFRbEPiN0rX_0WaEfZsA
Interviews
https://www.youtube.com/channel/UClMX3Ln3JLo6CzGvA-JAE9A
Trey’s Life
https://www.youtube.com/channel/UCVH62tKvfMJS14Fc-6E1DPA/featured?view_as=public
📡Social Sites📡
Facebook Group- http://Facebook.com/groups/DigitalGoldGroup
Twitch- https://www.twitch.tv/digitalgold_
Mixer- https://mixer.com/DigitalGold_llc
Twitter- https://twitter.com/DigitalGold_LLC
Website: https://www.digie.io
Email us: [email protected]
📝Rules for the chat📝
Zero tolerance for foul language this is a family friendly place.
Do not spam
Stop posting addresses
Respect fellow humans
Use @digitalgold to get your question answered
-~-~~-~~~-~~-~-
Please watch: "Life of a Miner, From Altcoins to Bitcoins over 4 years "
https://www.youtube.com/watch?v=heiPMY9gOWg
-~-~~-~~~-~~-~-

Check out our CES 2019 coverage! https://www.youtube.com/playlist?list=PLZEIwIHCxaFWx-I3KSJo8XKh2JkzWhvZF
The virtual goldrush to mine Bitcoin and other cryptocurrencies leads us to Central Washington state where a Bitcoin mine generates roughly $70,000 a day mining bitcoin. A warehouse full of ASIC Bitcoin miners run 24/7 to manufacture Bitcoin.
The location of this Bitcoin Mine is one of the world's epicenters for mining. Cheap hydroelectric power increases margins and a major fiber backbone runs mere miles from the mine.
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Bitcoin is skyrocketing right now ! We had a look behind the scenes of bitcoin mining and a bitcoin miner Farm. join the event here: https://www.miningconf.org/?=youtubetm
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Disclaimer
There is chance associated with exchanging, mining, loaning and putting resources into digital cryptocurrency.
any past installments made by a cloud mining site or a venture subsidize don't ensure that installments will be consistent and customary later on
I am not mindful if a site does not paying and close down whenever. So Join at your own particular hazard.
This video is Created according to my own involvement with this site.
I don't assume any liability for any misfortunes that may happen.
#freebitcoinmining #newminingsite #onlinechannel

There are several ways to get bitcoin. But did you know you can do it from your own phone? Today, Maria talks about how to mine bitcoin on android! Just follow these steps and you’ll be a bitcoin miner in no time!
This video is powered by Paxful, to learn more, click here: http://bit.ly/2VIvICA
We also created a blog about this please visit: http://bit.ly/2VF6TaZ

Where do Bitcoins come from, and what is Bitcoin "mining"? Peter van Valkenburgh, Director of Research at Coin Center, explains the role of miners in a system of decentralized currency.
As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.
Reach Peter Van Valkenburgh on Twitter: @valkenburgh
https://twitter.com/valkenburgh
Related links:
What is "Blockchain" anyway?
https://coincenter.org/entry/what-is-blockchain-anyway
What is Bitcoin Mining?
https://www.weusecoins.com/en/mining-guide/
How Bitcoin Mining Works
https://www.bitcoinmining.com/
Should You Invest In Bitcoin?
https://www.forbes.com/sites/laurashin/2015/12/28/should-you-invest-in-bitcoin-10-arguments-against-as-of-december-2015/#47863d9e3895
Is Bitcoin Mining Profitable in 2017?
https://99bitcoins.com/bitcoin-mining-profitable-beginners-explanation/
Bitcoin Law & Public Policy videos
https://www.youtube.com/playlist?list=PLWwcngsYgoUX7rNqZ1Ts3UxfXDPS_AwTW

https://www.udemy.com/blockchain-for-business-the-new-industrial-revolution/?couponCode=YOUTUBE
Bitcoin and cryptocurrency mining explained with the the Byzantine Generals Problem.
The Byzantine Generals problem was first introduced in a computer science paper published in 1982. The problem discussed in the paper is that reliable computer systems must be able to function effectively in the presence of faulty components that may send conflicting information to different parts of the system. This issue is even more acute when we talk about decentralized computer networks.
Imagine the following thought experiment:
The Byzantine army has surrounded an enemy city. The army is organized into several units. Each unit is commanded by a general and they all need to come up with a coordinated plan of action. However, they are located away from each other and the only means to communicate among themselves is via messages. To make things more complicated, one or more of the generals are possibly traitors. The presence of disloyal generals means that misleading messages could be sent aiming to disrupt any coordinated plan of action, be it attack or retreat. To find a successful solution to this conundrum, the Byzantine army needs to find its path to coordinated action, one way or another. To achieve this, the Byzantine army needs an algorithm that works effectively towards a coordinated outcome where the loyal generals follow it and the traitors don’t.
Now that you are familiar with the problem, let’s see its solution. It is called the Byzantine Fault Tolerance algorithm. Over the years, there have been several proposed theoretical solutions involving game theory and math.
The first practical implementation of Byzantine Fault Tolerance algorithm came with the Bitcoin’s Proof-of-Work. In this case the “generals” are nodes on the Bitcoin network, also known as “miners”. A network node is a connection point that can receive, create, store and send data across a network. In other words, nodes are the connected dots that make up a network.
To simplify, think of it in the following way. In the image we traditionally use to depict a blockchain, every single computer is a separate node. They are all connected and can receive, create, store, and send data to each other.
In the context of the Byzantine Fault Tolerance algorithm, the important concept to grasp is that these mining nodes start from the assumption that nobody else on the network can be trusted.
Proof-of-Work secures network consensus even in the presence of non-compliant nodes. That is, even if there are some Byzantine generals who are not acting in the army’s best interest, coordinated action can still be achieved. Let’s see how this mechanism works in Bitcoin.
As we all know by now, Bitcoin is a peer-to-peer network where all activities are done by its users through appropriate software and hardware. These activities include making transactions, receiving transactions, and verifying and transmitting transactions.
Now, this is where we need to introduce the concept of “mining”, which many of you have probably heard. Mining is an activity, carried out by network participants, which involves Proof-of-Work and results in generating new coins as a reward for the miner who successfully did this Proof-of-Work first for each new block.
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The automated repurchase of hashrate (35% - 100%) maximizes mining power (adjustable daily). After 3 years the original GH/s of your mining contract is deducted from your accumulated hashrate and mining continues as well as repurchase, until mining becomes too difficult for the capacity to handle.
DISCLAIMER: Historic results don’t guarantee future results. This is no Financial Advice, as I’m not not a Financial Advisor.
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Visit LEDN to check out getting a bitcoin-backed loan!
https://platform.ledn.io/join/0a00cca3dd61dea5909c95cd41f41685
Check out my website:
http://btcsessions.ca/
The fine folks at whatisbitcoin.com have done some research, and have a theory that HODLING for 210,000 blocks all but guarantees you a higher fiat value for your Bitcoin.
https://www.whatisbitcoin.com/what-is/210000-block-hodl-theory
China is banning Bitcoin AGAIN – this time for mining. Will it have any effect? Probably not.
https://www.ccn.com/chinas-bitcoin-mining-ban-plan-good
More woes for Mt. Gox victims as further delays in payouts hit.
https://cointelegraph.com/news/coordinator-for-largest-group-of-mt-gox-creditors-leaves-post-sells-his-claim
SPECIAL THANKS TO MY NEW SPONSOR – LEDN!
Ledn is a financial services company offering credit and savings products for Bitcoin & digital assets. The company underwrote Canada's first-ever Bitcoin-backed loan in 2018 and has since been lending to hodlers across Canada and is now serving select international markets.
Ledn's first product, Bitcoin-backed loans, gives hodlers access to dollar liquidity without having to sell their bitcoin. This lets you keep the any potential appreciation in your precious bitcoin.
Use the link below to sign-up and apply and you will receive a $50 credit in bitcoin that can be applied towards any loan fees or interest. With loans starting at $500, the referral code could cover the full loan interest and fees for up to 5 months.
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Book your OWN session with me at:
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If you value my work and would like to send me a tip, they are always appreciated!
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Is Bitcoin (BTC) Mining Worth It January 2019? Profitable Or Not Profitable? Bitcoin mining profitability and best ASICS to mine bitcoin in 2019, this video will show you bitcoin mining asics and bitcoin mining equipment. Of course if you are bitcoin mining solar power then it is 10000% profitable. But if you want to build a bitcoin mining farm or start bitcoin mining at home then this is a video for you. People who do bitcoin mining india are the not the best since not that profitable. Btc mining and more on Bittruth
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BTC-- 1PrHVF3RrsiBTQFVZptWoUopMHBLqWDhYQ
ETH-- 0xffaa4ec2a9404ba2da77e1495578c2aec027c8b0
LTC-- LS5GKRyNUF95UegsxyAJaiMXZ1ZNsw7U3W
BNB-- 0xffaa4ec2a9404ba2da77e1495578c2aec027c8b0
ZEC-- t1Z8u65PFhav2qSHxPU47fPsFL6z6BtKKsS
ONT-- AWs5Qj6zcXBDc7jciK7FakU9cgJNVBiBVj
XVG-- DUAxeStHT3cucdnUgy1inJQcoV9b8CGtgk
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https://GeorgeLevy.com/Free presents:
In this video, I answer a very common question I hear from students in my bestselling Blockchain and Bitcoin Fundamentals, and Cryptocurrency Fundamentals courses:
"What is Bitcoin Mining and How Do I Get Started?"
(I know it's really two questions but they are usually asked in the same breath... :-D)
In this video I answer the question and provide multiple valuable links and resources that can help you learn more about the topic.
George Levy is an instructor at Blockchain Institute of Technology, and the author of the best selling online courses Blockchain and Bitcoin Fundamentals, Cryptocurrency Fundamentals, Bitcoin Advanced Level: Transactions and multiple other courses.
Subscribe to this channel to stay up to date on new educational videos published each Thursday!
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Sign up to receive FREE video lessons from my paid blockchain, Bitcoin and cryptocurrency courses at:
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The Bitcoin Rodeo in Edmonton March 5/6:
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Check out Bull Bitcoin:
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While at the Bitcoin Rodeo in Edmonton Alberta Canada, I was able to get in a quick chat with Ben Gagnon of Lutech Mining. Ben is busy building Bitcoin Mining solutions to take advantage of trapped and/or wasted natural gas around the world. Due to Alberta's unique energy situation, producers can multiply their profits by 6X - 40X by adding Bitcoin mining to their operations.
To contact Ben Gagnon:
[email protected]
Telegram @Hashoveride
https://www.lutech.io/
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